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Search Results 0 to 7 of about 8
CSPAN
Jul 28, 2011 12:00pm EDT
, reduced spending on the wars in afghanistan and iraq and through targeted cuts to mandatory spending. it doesn't raise taxes and it doesn't touch medicare, medicaid or social security. again, this is not a perfect plan. i have been on the floor many times in favor of a balanced package that includes cuts to spending, domestic, defense and mandatory, but also includes increased revenues. the reid princess plan doesn't e those goals -- the reid plan doesn't achieve those goals but i hope we will get there eventually. this is not a proposal i would have written, but i'm one of more than 100 members of the senate and more than 535 members of congress, and i don't get everything i want. none of us here in congress get everything we want. that's the nature of compromise. that's the nature of democracy, and that's why the framers of the constitution created checks and balances in government. that's why they created two chambers in congress and three branches of government, and when you're a leader in government, you just don't have the luxury of drawing a line in the sand and walking away.
CSPAN
Jul 25, 2011 5:00pm EDT
drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is scored the way mr. reid scored that, which is ph
CSPAN
Jul 27, 2011 9:00am EDT
from the iraq and afghanistan wars are real. that's c.b.o. saying it. not some democrat who's hoping and praying for an easy fix. this completely undercuts the arguments by republicans who have tried to call these savings a gimmick, even though they included them in their own budget and voted for them only a few months ago. if it was knock their budget -- if it was okay in their budget, it's got to be okay in our budget. you can't just change your mind based on whose budget it is. the substance should matter to some extent. plus, since the c.b.o. will only measure the plan's first draft before aofficial plan savings were incorporated into the bill, the final version will achieve even deeper savings when it is filed on the floor. as "politico" reports this morning, "in the battle of budget scores, the senate democratic deficit-reduction bill is the clear winner thus far over an alternative by speaker john boehner." and lastly, senator reid's proposal allows for a joint committee that has the potential to achieve even deeper savings down the road to get our country back on the path to
CSPAN
Jul 26, 2011 9:00am EDT
military to be getting the news in afghanistan and iraq of all the upheaval in washington, because they're getting the news, of course. and for them to worry, oh, my gosh what happens august 2 if my paycheck isn't there or my wife or my husband -- for my wife or my husband to be able to use that to pay our mortgage or the basic expenses? i just want to put it in perspective here. we have people in the military with boots on the ground by the thousands that are making under $20,000 a year. now, those are people who are living paycheck to paycheck. they don't have the luxury of having a big savings account with that kind of income, and especially if they've got children. my goodness, they're making under $18,000 a year, some of these younger junior members of the enlisted corps. so i don't think we ought to make them worry for ten seconds if they can pay their basic bills for their housing and the food for their families. in my state of texas, there are 28,000 brave men and women deployed in the support of operations in iraq and afghanistan. there are more than 97,000 service members depl
CSPAN
Jul 21, 2011 9:00am EDT
social security but not the wife of a soldier in afghanistan. that's not such a good idea. maybe we won't pay the veterans benefit. we'll pay the idea. not such a good idea. what about those 12 million to 15 million students head ofd to college in the next few weeks with a student grant or staopbt loan from the federal government?shall we pay those je public colleges take care of their own? you see what can happen if we had a country, especially a country like the united states, which instead of paying all of its obleses on time, whether it is to china or japan or grandma or to the veteran, that we begin to selectively pay those bills when we had the money. i think i know what would happen. instead of being able to borrow money for ten years at 3%, we might have to pay a little more for it. let's say it just went from 3% to 4%, what would mean to us? it would mean, according to the congressional budget office, that the taxpayers would have to pay $1.3 trillion more in interest over ten years. so if it goes up to 5%, that's twice that. or it goes up to 3% -- that's what happens when you
CSPAN
Jul 12, 2011 12:00pm EDT
iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those companies that stash their money in tax hyphens in pwerpld and the cayman eye hraldz -- in bermuda and the cayman islands, maybe they are going to have to start paying their fair share. on my web site which is sanders.senate.gov, i put a small letter which said to the president, mr. president, stand tall. take on these right-wing ideologues who want to make devastating cuts to working families. and in a couple of weeks we have 135,000 signatures on that letter, and i think that letter reflects what the american people want. they want shared sacrifice. they do not want to see the elderly, the kids or working families being battered more and more, es
CSPAN
Jul 27, 2011 5:00pm EDT
with bills and insurance companies. soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along steadily earlier this year, we had seen 12, 13, 14, 15 months of job growth in manufacturing, not enough job growth but some, that's even slowing down. steps taken through the auto rescue and other things we did in the last couple of years dealing with this terrible, terrible recession created in 2007 and 2008 the auto rescue saved millions -- auto rescue and other efforts saved millions of americans from joining the unemployment rolls and we're seeing a better auto industry, an auto industry coming back, especially in places like defiance and toledo and northwood
CSPAN
Jul 26, 2011 5:00pm EDT
of the money that we are going to save by not continuing operations and iraq and afghanistan for the next ten years at their current level. that that was also in the rhine and budget. as it turns out, the rise in budget receives $2.2 trillion in savings without using that accounting gimmick triet compared to the president's 2011 number, the ryan budget saves $6.2 trillion without using that accounting gimmick. with the ryan budget does -- if you look through the various charts and pages of it -- it also has various comparisons, including pretty much the obligatory comparison to what is called the current law budget that cbo scores, and in that he compared because that's what cbo does the oco cost for the overseas contingency operation cost, but he did not utilize that in order to achieve the savings in his budget. so i had made the same mistakes others had in assuming what we were told was correct. paul ryan made it clear no, that wasn't correct. when we criticized the bill that the majority leader has brought up for use in over a trillion dollars in savings from that oco account, i think we
Search Results 0 to 7 of about 8